Statutory Instruments
2015 No. 66
Pensions
The Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling) Order 2015
Made
26th January 2015
Laid before Parliament
2nd February 2015
Coming into force in accordance with article 1(2)
The Secretary of State for Work and Pensions makes the following Order in exercise of the powers conferred by sections 178(1) and (6) and 315(2) and (5) of the Pensions Act 2004 .
In accordance with section 178(5) of that Act, the Secretary of State has reviewed the general level of earnings obtaining in Great Britain during the period of 12 months ending with 31st July 2014. It appears to the Secretary of State that the general level of earnings has increased by 0.6% during that period.
Citation, commencement and interpretation
1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The earnings percentage
2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The levy ceiling
3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Revocation of articles 2 and 3 of the Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling and Compensation Cap) Order 2014
4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Signed by authority of the Secretary of State for Work and Pensions.
Steve Webb
Minister of State,
Department for Work and Pensions